Common use of Involuntary Insolvency Clause in Contracts

Involuntary Insolvency. Without consent by Xxxxxxx, a court or government authority enters an order, and such order is not vacated within ten (10) days, (i) appointing a custodian, receiver, trustee or other officer with similar powers with respect to Grantee or with respect to any substantial part of Xxxxxxx's property,

Involuntary Insolvency. Without consent by XxxxxxxContractor, a court or government authority enters an order, and such order is not vacated within ten fifteen (1015) days, (i) appointing a custodian, receiver, trustee or other officer with similar powers with respect to Grantee Contractor or with respect to any substantial part of Xxxxxxx's Contractor’s property,

Involuntary Insolvency. Without consent by XxxxxxxMONTEREY, a court or government authority enters an order, and such order is not vacated within ten (10) days, (i) appointing a custodian, receiver, trustee or other officer with similar powers with respect to Grantee MONTEREY or with respect to any substantial part of Xxxxxxx's MONTEREY’s property,

Involuntary Insolvency. Without consent by XxxxxxxGrantee, a court or government authority enters an order, and such order is not vacated within ten (10) days, (i) appointing a custodian, receiver, trustee or other officer with similar powers with respect to Grantee or with respect to any substantial part of XxxxxxxGrantee's property,

Involuntary Insolvency. Without consent by Xxxxxxx, a court or government authority enters an order, and such order is not vacated within ten (10) days, (i) appointing a custodian, receiver, trustee or other officer with similar powers with respect to Grantee or with respect to any substantial part of Xxxxxxx's Grantee’s property,, (ii) constituting an order for relief or approving a petition for relief or reorganization or arrangement or any other petition in bankruptcy or for liquidation or to take advantage